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One can also withdraw their profits directly to banks. The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. 1 cryptocurrency legal in india. In april 2018, the reserve bank of india (rbi) issued a circular directing all entities regulated by it to not deal. India's virtual currency iamai is looking forward to working jointly with the rbi and the government on a constructive policy framework for cryptocurrencies in india, it said in a statement. From exercising caution over bitcoin cryptocurrency, the government of india could finally be moving towards compliance. Only a legal professional can offer legal advice and buy bitcoin worldwide offers no such advice with. Now here there are chances that your money can easily be modified if the government wants. Subramanian swamy said cryptocurrency is inevitable. he believes that a blanket ban on cryptocurrency is useless. But it's not same with cryptocurrency the real purpose why cryptocurrency was created was that no one in the world should control the money. But is it legal in india? The best way to start an investment is by starting right now. Supreme court ban on cryptocurrency and crypto ban upliftment in india are now sparking controversy regarding the legitimization of crypto in india.
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Many developments are yet to be observed in the coming days.
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